I'm out travelling for work this week, but will do my best to stay up to date on the market, and try to trade in pre-market and afterhours if possible. Last week was definitely "weak" for reverse splits, but at the same time, the metrics on the ones "in the window" that I trade, just really weren't that great. Alot of them had either already spiked huge the week before (especially Chinese), and the remaining just had blah metrics. For me, it's all about the metrics/averages.
CLSD - Bio Tech Eye Therapies. Low-to-Mediocre Float (not great, not bad). HIGH risk. This one could be dangerous, and because of that I sold when it couldn't hold the $4s. I still like it though, and if can touch down to $3.00 buy zone area, will try again (for a double bottom, which is $3.37 area).
ECDA - Luxury Car Restoration. Ultra Low Float, great probabilities for a 30-70% bounce from bottom. I still like this one, and kind of wish I bought some on Friday when it was just "hanging around." I think there's potential on this one if they can pump a good PR, but it is off it's lows, so if I were to get in, it'd have to be with a smaller position size to compensate for a risk of $3.50. The "Buy Zone" is $3.30.
BIAF: Bio Tech Cancer Diagnostics. Ultra Low float and one of the best probabilities for a 30-70% bounce at bottom. It seems to be struggling here, which makes sense, because $4.95 was the previous low months ago (double bottom area). Personally, I'm hoping it dips back down to $4.04 area from the day before the split, for a true double bottom then posts a good PR. LFG!!!
A few new tickers splitting tomorrow:
NITO: Agriculture Safe Preservatives. Ultra low float, GREAT probabilities for a 30-70% bounce from bottom. $4.75 would be the double bottom from Fridays breakdown - which isn't too far away. Goes with the theme of "healthy foods"
BINI: EVs (Used to be MULN—yuck). MICRO float (dangerous), and unfortunately really good probabilities for 30-70% bounce from a bottom. I hate this ticker. I hate this ticker. I hate this ticker. This California company is almost as bad as trading anything from Canada. This gotta be their 20th reverse split. And they're in debt by over a $100m. Can't wait to see them delisted.
WHLR: Real Estate. Also a 20x reverse split contender. Ultra low float, ok probabilities for a 30% bounce. Dilution tracker says they're supposed to split, but they didn't halt on Friday, and there's no news about it, so I doubt they'll split on Monday. I have it here just in case though.
NOTE: on ATHA (Bio Tech Neural Degeneration): It's still technically uptrending, and could go as high as $5. But there's very little volume and a wide spread on it. Choppy...not what I'm looking for.
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